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PP market afternoon review on May 11

 Last Update: 2022-12-10
 Source: Internet
 Author: User

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Yesterday, the PP market price moved sharply, polypropylene futures fluctuated widely, the direction of market guidance was not clear, some companies of CNPC and Petrochemical raised the factory price, continued to support the cost of supply, traders increased their enthusiasm for shipments, the downstream mentality was cautious, and the real market was purchased
on demand.

Market reference in various places: Hebei market wait-and-see, Shenhua L5E89 reported 9150 yuan / ton; Nanjing market shock sorting, Donghua T30H reported 9150 yuan / ton; Hangzhou market narrow finishing, Shaoxing T30S reported 9230 yuan / ton
.

Today's forecast: It is expected that the PP market will be dominated by consolidation over the weekend
.

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